VEPR: Vietnamese economy could grow by 6.3 pct in 2021
The Vietnamese economy could grow by about 6-6.3 percent in 2021, said chief economist Pham The Anh from the Vietnam Institute for Economic and Policy Research (VEPR) during a workshop recently held to announce the Vietnam Quarterly Macro-Economic Report.
Export is a bright spot of the economy (Photo: VNA)
Hanoi (VNA) – The Vietnamese economy could grow byabout 6-6.3 percent in 2021, said chief economist Pham The Anh from the VietnamInstitute for Economic and Policy Research (VEPR) during a workshop recentlyheld to announce the Vietnam Quarterly Macro-Economic Report.
The VEPR’s report said the global economy has shown signs ofrecovery thanks to the availability of COVID-19 vaccines, but instabilityremains while growth is uneven among nations and economies.
In the first quarter, Vietnam’s economic growth hit 4.48percent thanks to the Government’s drastic actions to control the pandemic fromthe early stage, along with the signing of the European Union – Vietnam FreeTrade Agreement and the EU-Vietnam Investment Protection Agreement.
Illustrative image (Photo: Internet)
Additionally, disbursement of public investment capital hasbeen stepped up and progress of key public investment projects accelerated whilethe wave of investment and trade is shifting to Vietnam, helping maintain astable macro-economic environment with inflation under control.
However, Anh also warned that Vietnam is facing challengesin an uncertain economic environment. The resurgence of the COVID-19 pandemicin many countries resulting in lockdown measures is prolonging the disruptionof supply chains this year, weakening the resilience of enterprises.Geo-political conflicts among major powers could also expose Vietnam tounexpected risks.
Other risks are related to fiscal imbalance, slow and lowinvestment, vulnerable financial-banking system, and growth’s heavy reliance onforeign-invested sector.
The VEPR suggested that the top priority should be given tosocial welfare policies, targeting the right persons.
The report also proposed that corporate support policies shouldbe continued with more substantial measures and greater focus.
According to Anh, Vietnam should gradually build fiscalcushion to prevent shocks like COVID-19 or its unexpected developments incoming years./.
The 2021 list of the 500 fastest-growing companies in Vietnam (FAST500) was released by the Vietnam Report JSC and the VietNamNet e-newspaper on March 10.
The Vietnamese economy continues to face many difficulties in the following quarters and the target of a 6.5 percent growth rate this year will be a great challenge as the global economy is still affected by the COVID-19 pandemic, head of the General Statistics Office (GSO) Nguyen Thi Huong has stated.
Vietnam always pays attention to creating favourable conditions for businesses and investors from the Republic of Korea (RoK) to expand their activities in the nation, said Prime Minister Nguyen Xuan Phuc, noting that the bilateral ties are getting stronger thanks to the presence of Korean conglomerates like Samsung, SK, Hanwha, Deawoo, and Lotte in Vietnam.
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The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
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A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Export is a bright spot of the economy (Photo: VNA) 
Illustrative image (Photo: Internet) 
